The Beltway Censors must have taken the day off when Lori Montgomery squeaked this off- out-of-control-spendingnarrative piece into Saturday’s WaPo (Running in the red: How the U.S., on the road to surplus, detoured to massive debt). I can only assume that the Washington spring weather was exceptional or GroupOn had a special at the K…
The Progressive Caucus budget plan begins reducing deficits immediately and achieves a budget surplus by 2021, without cutting Medicare/Medicaid, Social Security, or TRICARE (health services for military, VA, dependents). You wouldn’t know it from watching the so-called “liberal media”, but the Progressive Caucus of the Democratic Party put together a budget plan (link here) that…
The latest McClatchy-Marist poll (4-18-2011) finds that strong majorities of registered voters would raise taxes on incomes over $250,000 and not cut Medicare when addressing budget deficits. 64% of registered voters (83% of Democrats, 43% of Republicans, 63% of independents, 45% of Tea Partiers) favor raising taxes on incomes over $250,000. 80% of register voters…
Take a good look at this graph of declining federal tax rates and pin it to the back of your mind during the upcoming budget/deficit debates. Source: VisualizingEconomics.com I’m not saying we don’t need to be careful about spending, but the line the Republicans are pushing, that we have spending problem, not a revenue problem,…
If we follow conservative tax cutting mania to its logical extreme, the United States of America will cease to exist. Whoosh, gone. Lights out. Ovva. Without revenue there is no government. Without government, our borders are open to any and all immigrants or invaders. Rule of law stops. Policing – other than walking the perimeter…
Dateline: GOP Vision 2012 Citing job-killing national debt, currently 225% of GDP, the Japanese Diet voted to suspend all government funded rescue and rebuilding efforts initiated in the wake of the 9.0 quake, devastating tsunami, and catastrophic damage to the Fukushima Daiichi nuclear facility. “We’ve got to put an end to this out-of-control spending. We’re…
Busting Teachers to Bailout Bankers? [No affiliation with "fraudEconomy dot com," see note at bottom.] Folks, financial fraud caused global real estate bubbles to inflate and burst, which caused worldwide economic collapse, which caused massive unemployment and real estate value collapse, which caused state revenues to collapse, which caused state budget crisis – not teacher…
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